Image, BTP Extend Closing Date

Image Entertainment said it extended to Nov. 15 the closing date of its acquisition by BTP Acquisition Co. LLC.

The Chatsworth, Calif.-based distributor and BTP agreed to delay closure of the $132 million deal from Nov. 6 to allow Image to file second-quarter (ended Sept. 30) financial results. Image lost $2.6 million on revenue of $20.9 million in the first quarter.